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please show calculations thank you. Oriole Company has 621000 shares of $10 par value common stock outstanding. During the year Oriole declared a 14% stock
please show calculations thank you.
Oriole Company has 621000 shares of $10 par value common stock outstanding. During the year Oriole declared a 14% stock dividend when the market price of the stock was $50 per share. Two months later Oriole declared a $0.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by:
$4700970.
$4347000.
$ 353970.
$ 562000.
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